Reitmans Ord Shs V.RET

Alternate Symbol(s): RTMNF | RTMAF | V.RET.A

Consumer Cyclical

Reitmans (Canada) Limited is a Canada-based specialty apparel retailer for women and men, with retail outlets throughout the country. The principal business activity of the Company is the sale of women’s wear. The Company operates three different brands: Reitmans, Penningtons and RW&CO. The Reitmans banner is a specialty fashion destination. The Reitmans has an online presence and store locations across the country. Penningtons is a destination for plus-size fashion, ranging from sizes 14 to 32. Penningtons operates stores across Canada, as well as an ecommerce site at penningtons.com. RW&CO. operates stores averaging 4,500 square feet in premium locations in shopping malls, as well as on their e-commerce site. Specializing in menswear and womenswear, the brand delivers versatile, well-crafted collections and brand experiences. It operates approximately 391 stores under three distinct banners consisting of 226 Reitmans, 85 Pennington, and 80 RW&CO.

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Reitmans Ord Shs > So correct me if I am wrong

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Comment by tompernson Dec 21, 2021 5:04pm

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Post# 34252357

RE:So correct me if I am wrong

Book value post CCAA (after shaving off over $100M of liabilities) is about $3.50/share. If they stay profitable, I think $5/share is pretty conservative. I think we see $3 by mid Jan and $5 by early April when Q4 comes out assuming they made money in Q4, which is very likely. Having said that, the retail business is pretty brutal so I don't expect shareholders paying more than 5 times earnings so don't expect this to ever get to $15-$20.

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